Forest

Tesla/SpaceX and everything Elon fanatic. My tweets are not investment advice.

[Forest @f_pass]

@unusual_whales Lies.

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@The_RockTrading 🤥🤥🤥

[Forest @f_pass]

@The_RockTrading 😂🤣🤥🤥🤥🫨🤨🤮🤮

[Forest @f_pass]

@AC4702 @JoJoFromJerz Not eben true. Lier.

[Forest @f_pass]

@_IWillBeKnown_ Let's go!

[Forest @f_pass]

@emrepasvan So awesome!! Congrats on the long awaited amazing car Emre! You will surely enjoy it to the fullest! Good memories as @TraderLows mentioned with all of us back in the day! What amateurs we all were. Miss ya guys! Hope all is well!! Was fun watching you Brett on Mr Beast!!

[Forest @f_pass]

@_IWillBeKnown_ Let's go! You still waiting to buy the dip or already loaded?

[Forest @f_pass]

@squawksquare Why. He knows what he is doing. After all he was appointed by Trump himself.

[Forest @f_pass]

@Investingcom Same.

[Forest @f_pass]

@_IWillBeKnown_ @realDonaldTrump 👌👌

[Forest @f_pass]

@JDVanceNewsX No

[Forest @f_pass]

@squawksquare No

[Forest @f_pass]

@MarcV580090 @elonmusk More like the anti American party.

[Forest @f_pass]

@MomAngtrades @elonmusk We need a new party!!! Stop living in the stone age.

[Forest @f_pass]

@elonmusk @realDonaldTrump Wowza!!! Drop those nukes Elon!!!

[Forest @f_pass]

@squawksquare https://t.co/sXUN4RKdUA

[Gary Black @garyblack00]

Getting asked by a few followers today. Posted on Subscribers early this morning.

Yesterday, we sold the remainder of our $TSLA position at $358/share. This is the first time since 2021 we have not owned TSLA. As in late-November, which is the last time we reduced our TSLA position after TSLA’s post election run-up, we believe TSLA’s valuation has become disconnected from underlying fundamentals.

Our main concern is that TSLA now sells at a 2025 P/E of 188x as earnings estimates continue to fall (-5% in the past week, -40% YTD) driven by weak YTD deliveries including weak April results. We expect 2Q and FY’25 TSLA deliveries to decline by -12% YoY and -10% YoY respectively, vs WS ests of -7% YoY and -5% YoY. We believe the risk/reward associated with the Austin robotaxi test remain asymmetrical to the downside. Finally, we are concerned that the new more affordable vehicle due out in July will be a stripped down Model Y priced lower and funded by lower costs rather than a new form factor that expands TAM. This increases odds that FY’25 estimates decline further, risking a repeat of 2023-2024, when TSLA reduced EV prices supported by lower costs, and TSLA saw little or no incremental volume growth.

Our $TSLA 6-12 month PT remains $310, based on our forecast of 2030 TSLA volumes of 5.4M and 2030 Adj EPS of $12.00. We apply a 2x PEG to our expected TSLA 2030-2040 EPS growth of 25%, which equates to a 2030 valuation of $600. Discounting back to the present at a 14.2% cost of equity (4% risk-free, 6% equity risk premium, 1.7x beta), we calculate a $310 present value, which remains our 6-12 mo. price target.

[Forest @f_pass]

@Investingcom 10 monitors.

[Forest @f_pass]

@_IWillBeKnown_ What's your new assessment? Make us some charts. Haha JK. I enjoy your insights and chart analysis. Cheers!

[Forest @f_pass]

@_IWillBeKnown_ Still thinking $23-240 is probable?